Well, hey, hey, hey there, my friend. Not too bad. Well, look at you out in nature.

Hello, how’s it going?

Yeah.

Stay here all the time,

Absolutely, You know, like you, we, ⁓ you know, as we started our journey, we were asking these same questions, like, what’s the right move? And it’s really hard to find any clear answers, especially for incorporated individuals. Like if you and your partner, I know your partner, you had said it’s T4. If you’re both T4 employees, pretty easy, you know.

I didn’t, I didn’t really see like a, ⁓ an option for me because I’m actually a sole proprietor. I, so I thought maybe like the advice might be more suited to like that as opposed to a T four, cause I am self-employed, like, ⁓ I’m in the in between, you know, and like right now I think that meets the needs, but that’s also the question is like, when would it be appropriate, you know, to, ⁓ go and incorporate it, right. And yeah.

I’m listening to the recent one about all those benefits around life insurance. But again, I think that’s when you’re accumulating more wealth than we’re not there right now.

what it’s all it’s a journey right and in the stages so I always say to people it’s like getting yourself almost like a rough roadmap in your mind of what it might look like is is really important right so you kind of you want to feel confident that whatever you’re doing that you’re on the right path and that you know okay we’re I think what holds a lot of people back from doing anything is just the you know the the analysis paralysis right so they’re you know sort of like I’m not sure what the right move is so I’m just gonna wait

But then they wait and then they wait. And then all of a sudden, next thing you know, it’s like, you know, we work with so many people that are in their like mid fifties who are like, I want to retire as soon as possible, but they don’t really have much of a plan going, you know, like they might have some money hanging out, but they just, you know, kind of a lot of wasted time. So you’re doing a good job that, you know, you’ve, you’ve again, hit the reset button there in terms of, you know, the last five years and getting those wheels turn in, make sure everything’s stable. Now that you’re at that place.

A lot of people will go another five years, just sort of, you know, comfort, like they’re feeling comfortable and they’re like, well, this is great. But then now you’re five years further behind, right? So good on you for that. ⁓ On the, let’s start with the sole proprietor part. Inside what I saw was that you’re essentially, and how I’m going to interpret this and you tell me if it’s right or wrong, but you had mentioned you pay yourself about 60,000.

You have about in retained earnings. My guess is, the 60,000 sort of like what you need for lifestyle and then the rest is sort of like money that’s not used for lifestyle. Like you kind of have it extra or what does that look like or sound like?

Help me make sense because I actually don’t even really understand the terms of like netting. I take in every year around like 150 and of that I owe like 10 in HST, I owe like 8 in CPP and then I owe my taxes which is like another 25 or something like that.

So the 35, 40, so like I’m around a hundred is what I’d say. Like, is that my net?

So yeah, so your gross is gonna be 150. Your net is gonna be after all of that chaos. So that’s gonna be your net.

like my stuff that I deduct from like you know car and parking and gas and all and then and then so what’s that?

Okay, so let me back map. So that’s your net given the things you’ve deducted, but it’s actually all your expenses are going to be taken away to get you to your net operating income or your net income. Okay. But then your taxes are going to get calculated on that. So that makes more sense because when you had said 25,000 in taxes, like, seems like not enough, but it’s because you hadn’t mentioned the other deductions. So if you’re

let’s say you’re deducting 10 % of your home ⁓ expenses because you’ve got a home office or you got mileage, you’ve got this, you’ve got that. So that’s gonna bring that gross number, that 150 down, and then you’re gonna pay tax on whatever that bottom line number is. So all the extra expenses have kind of been deducted away.

Um, you know, written off as people say it’s, it’s interesting because a lot of people misunderstand what writing something off is. Like it never happened. It’s like, no, no, no, no, no, no, no, So pay for it.

So then I’m at like 90 and then we have like, you know, paying for home and all our groceries and car and insurance and all that stuff. Yeah. And like, to be honest, we just purchased a home this year. The new home we just moved in like a few weeks ago. And so are all like all of our money. Like we don’t have savings in the home now. Right. Sure. Yeah. So I’m not

When you talk about the safety and the spending, there’s no…

Yeah, you’re like the buckets there. is no other buckets right now, right? You’re trying to get, you know, get your wheels going with, with the home purchase.

money is going into insurances and RESPs and that sort of stuff, right? So I’m not sure the percentage, I don’t think it’s a huge number.

No, okay, so yeah, so I would say based on where you’re at, so when it comes to trying to figure out whether you wanna incorporate or not, one of the big pieces will be when the number, when that net operating income is rising to a point where now you’re getting into unfavorable tax brackets and there’s nothing you can do about it. you let’s say, ⁓ you let’s say you earned

150 net, but you only need, let’s say 90 to survive. Right. So now we’re going, okay. Um, you know that that’s like a big gap there. Right. And I’m assuming like one 50 is like after you paid for all this other stuff, right? Now there’s a big enough gap there where you go, do I really want to pay tax on all this extra money that I’m not using right this second? That’s when like a corporation starts to make, okay. So you’re probably in a good spot.

being a sole proprietor for now, because when you open a corporation, if you need all the money to come out anyway, then you’ve kind of defeated the purpose, right? So it went there, but now it’s coming all out. So you’ve lost the tax deferral. It’d be kind of like taking money, putting in an RSP and then using it later in the year. You’re like, you didn’t win there because now it’s on your income and you know, there’s no deferral going on. So I’d say you’re probably in the right spot in terms of a sole proprietor for now.

Yeah, the idea is you want to have like, at least an extra 20,000 that would stay in the company, meaning like, I don’t need that money anytime soon, every year or more. And I would argue like more the better, you know, like, so if it if it starts to creep up, let’s say business, you know, you scale your business or whatever, then you’re going to go, okay, now this is becoming like problematic because

As you know, the tax brackets, you know, the more you earn, the higher the rate you pay on the last dollar. Yeah. And that’s when a corporation starts to really make a lot of sense. Right now I’d argue you’re in. You’re in like, I’ll call it triage mode of like, okay, letting the dust settle from the home. We’ve got high interest rates. You know, we just came out of, we’ve got, you know, a family, there’s always something new going on. seems like

every year it’ll just seem to get more and more expensive because, now we got sports or now we’ve got, you know, this program or this thing, or we want to travel, you know, and when they’re really young, usually aren’t, you know, traveling very far, right. But, you know, all those things start to add up. right now I would say the fact you got your RESPs going amazing.

On the other end, I would say is like trying to find some ways for you to start, even if it’s super small, to get some of your like tax free savings or your RSP bucket going. Just so like it’s like the process is probably the hardest thing, right? So even if it was 25 bucks a week, it’s like, you might be like, well, it’s 25 bucks. Like what’s 25 bucks, right? But it’s like, well, 25 a week. And then, and then over time you go, can we do 50?

And you start to scale that way just so that you can start growing it. At your stage, would say your insurance situation probably want to stick to term for now. Term insurance, sounds like maybe you’ve already set some up, which is good. ⁓ So like if you were to pass away, that term insurance, or if either spouse passes away, assuming both are working, ⁓ that the insurance should be able to replace at least 10 years, some would say 20 years of income.

⁓ from that person. Cause if you can imagine, you know, you’ve got two incomes in a household, suddenly one of them unexpectedly passes away. Now you have half the income, but you still have the same two kids. You might have less expenses, but it doesn’t get cut in half, right? Like it’s not half. So you just want to make sure that, you know, it’s enough insurance, not just to say, cover a mortgage, but to actually like cover the income that’s lost from that individual. Something to think about on that front.

Yeah. Then as you start growing these other buckets, that’s when you might look at like, say more of an insurance ⁓ investment strategy, but that’s more of like that safety, just in case bucket, ⁓ emergency fund, that sort of thing. Cause I remember being in your situation when you you buy a home, it’s scary enough, you know, you had to save up all this money, blah, blah, blah. And then it just seems like, you know, the expenses never stop, right? There’s always something going on.

in a home, whether it’s new or ⁓ already lived in home. So ⁓ yeah, I think your number one right now is gonna be trying to figure out how do we squeeze a little bit of money to get into the routine of building up those investment buckets because those are gonna be critical for you, especially a self-employed individual. Does your spouse have a pension or anything like that through work?

Yeah. And she’s like contributed, like she’s got a good nest there. Like, I she said she has like 200 in her retirement savings already. And I’ve got like 15 in my art piece. So it’s like she’s, she’s been respond and like, you know, a teacher pension and like, she, she, did. She was a teacher and then now she’s in sales and for a pharmaceutical company. And so they both are great at like matching and, and contributing.

so she’s got good benefits and then. Fantastic.

what I need to top up now as a family member in insurances. And so she contributes, you know, she’s doing like 400 a month or something to her RSP. I’m doing 200 to my TFSA. ⁓ So like, you know, we’re doing we have we’re contributing. We know we need to contribute more, and especially me to kind of catch up. ⁓

but waiting to see where the dust settles with this new mortgage and new child before. But again, I like what you’re saying in that maybe it’s not before we figure that out. Maybe it’s like, can we do right now? so that it’s like, we’re doing it already instead of waiting to find a time where, and then make it work from there.

And as long as you don’t get too aggressive, right? Like you don’t want to like be, you know, unrealistic that, you know, suddenly like one month you’re contributing 200 and then next month you’re contributing 2000, right? That’s like, you know, 10 X. But if you went from 200 to 400 and then you set yourself, you know, set yourself like a three, four, five month reminder to go off on your phone to go, how’s that feel? Can we get to, can we do 500? Like maybe we can do, you know,

I’m telling you, those behavioral moves are going to be massive in order to like, we totally underestimate, you know, what we can do over a long period of time. We super overestimate what we can do in a short period of time. But in a way that logic breaks down when it comes to investing, because you’d be like, well, so let’s do it. But the problem is, is we think that we have to do something like drastic in order for it to change. But over time, all of a sudden,

A year from now, you go, like, look at that. We’re making progress. And when you see that, you go, can we do a little more? Can we do a little more?

with the RESPs even, you know, it’s like 200 a month or bi-weekly or whatever it is like to get the tax benefit and like I see it growing already, you know, so it’s like, yeah, we just have to get it in there. ⁓

And honestly, it’s like how hell or high water, it’s like figuring out a way to do it. the hardest part is exactly that is going like, well, maybe we should wait, because there’s always a thing, right? Like maybe we should wait and see what the mortgage is like. So again, it’s like, if I could pick a number that it’s like, at the end of the day, is that really going to be the game changer that throws me off my path? The other thing too, your income

is at a level where it could make some sense putting some in your RSP, but the negative there is that let’s say you did need to pull some money back, then now there’s tax, right? So it might be a good move on this strategy to stick to the TFSA for now, just so that you know that there’s no tax consequence if let’s say you got, and you’re like, shoot, we do need to pull a little bit back.

You could do it. It’s not going to punish you. There’s no issues. You get that contribution room back next year. So it’s not like there’s anything bad by putting some money in. And then if worst case scenario, you had to take some out. Whereas with an RSP, it feels more like a jail, right? So you’re like, if I send that money there, it’s an issue for me to get it back. And that’s why a lot of people won’t contribute enough to their RSP. Cause it’s like, it is so long-term, but with your tax-free savings, I think you can be, you know,

little more aggressive and go, let’s put more dollars in here, even if it means that, worst case scenario, if we need to pull some back at the end of the year, we will. But obviously, you try your best not to.

And with TFSA though, like if I take that money out, don’t have to put it back within a year or anything, do I?

Nothing. No, that’s what makes it. Yeah. It’s the ease. It’s actually the best bucket specifically when you aren’t in a super high tax bracket because the RSP is the best bucket for a high tax bracket because you get all your tax back now. Yeah. And you have to pay tax on it later. So there’s like a give and take there with the tax free savings. If in a perfect world, right? You, you fund your tax free savings and you earned

50,000 a year and you still had money left over to fund the tax-free savings because you paid such little tax on the 50,000, then putting it right into the tax-free savings and growing it from there is like a massive win. You’re at a nice tax bracket. You’re not too far gone where, again, you could go RSP, you could go tax-free savings, but given the fact that there may be some financial constraints in the next little while, it’s like a very risk-free

bucket to put money into now what you invest in may not be completely risk-free, right? So that’s the caveat. If you put it into Bitcoin and Bitcoin tanks, it’s like, well, guess what? If the money isn’t there, it’s not there. I can’t really pull it back. ⁓ if you’re what I would say like diversified ETFs, know, VOO is a good one or like, you know, any of these ETFs that

are well diversified and you don’t plan to take the money back, but if you needed to, know, that you would be able to get access to a chunk of it. ⁓ I think it would be probably a good move for you guys. Gain some momentum there. See that, you know, that pile growing. then next thing you know, you’ll be like, Hey, like we’re in, you know, we’re in a routine and essentially you budget around what’s in your bank account. Right? So if you, if the money’s gone, it’s harder to, you know, justify something that may be

You you don’t necessarily need to spend some money on right now.

Yeah, two questions. Where is that next like threshold where like taxes start becoming like what the fuck is going on here? Like for me, you know, like I know it just continues to get worse probably. like where like it for me, like when is that next one like where I’m netting like 120 or 150 or two or like where is it?

Well, let me take you through, ⁓ do they have the chart on this one? Let me see, yeah.

My other question would be like a VOE like EFT like, like if you just go that right, it’s not diversified, but that and it’s like, it’s pretty steady year over year.

Is that like, like, would you say that’s a similar to like ⁓ a low risk diversified mutual fund? Like, or is it like better? Like what’s the return?

Like if we’re talking about, sorry, you said VOO. So Yeah. So VOO is the S &P 500. So basically it is the 500, ⁓ the 500 biggest stocks or biggest companies in the U S that doesn’t necessarily mean it’s not volatile though. So for example, like in 2008, when the market tanked, VU was way down. And I’ll bring up an example. ⁓on the screen here if I can.

I I remember listening to one of your podcasts about how that was like this new kind of SMP, right? The EFTs?

Yeah. Well, yeah. EFT is basically what it is, is it, they’re just trying to mimic what the actual benchmark is doing. So they’re basically just managing it so that it’s like, listen, if this stock got bigger, was worth more today, the SMP is going to wait more of it that, or VU is going to wait more of it. And it’s just basically monitoring there. So where you’re protected is that unless the entire market has a big crash.

Yeah, you won’t be as affected by, let’s say, Nvidia having a bad earnings or, you know, Apple having a bad earnings. It’s like, sure, the market might go down a little, but Apple could have went down by 20 percent. At least you’re kind of getting held up by the rest of the market. Where things get volatile is, let’s say, in the market. You know, things happen where, you know, all of a sudden, you know, you get a 2008 or you get a 2018 when tariffs, you know,

tariffs 1.0 showed up with Donald Trump. So there is volatility there. And if I share the screen here, this is VU. It’s the S &P 500. It’s an ETF. It’s a low cost ETF. So that’s why a lot of people will pick this over, say, I’m going to put in SPY, which is the most actively traded S &P 500 ETF. But it’s a higher fee one. So if I click on that one, you’re going to notice that

the actual pathway looks pretty similar, right? So the path itself is going to be fairly similar to what you just saw in Boo. You’ll notice all these yellow lines, because this is the one I kind of monitor and I’m looking at levels and things. You’ll see like that was a support level. And when it broke support, it’s like, shoot, when’s it going to stop? Is it going to stop here? Nope, it didn’t. It went all the way to here. You can see like, this low point right there. It’s like it stopped just at that low point. So it’s like,

These are just support and resistance levels, but as long as you can ride it out, because again, it’s definitely not safe in terms of like your money can never go down because if I was to grab my measuring tool, like from here down to here, it went down by 20%. And that was, that was at the beginning of this year. But since then it’s grown from here all the way up here. And that’s just in one year, you know? So it’s like, it’s been down, but now it’s way up.

Well, I down again at some point, I bet you it’s gonna come back down to this point at some point. I don’t know when, could be next year, could be two years from now. So as long as it’s long enough term, you’re okay. So the part you have to just be cautious of, if you are putting money into ⁓ your tax-free savings account, if those dollars are gonna be needed, you know when they’re gonna be needed. They’re gonna be needed right here. Right? So like you wanna be cautious. You wish that they were needed here.

or you wish up here before it went down, but that’s sort of how it goes. So you may not want to put, let’s say all of it into VOO, if you think some of it might be needed to come back. You might want to pick something a little bit more safe or stable. ⁓ know, could be like a balanced, you know, ETF of some type that doesn’t go up as aggressively, but it doesn’t, you know, have as ⁓ much volatility. ⁓ But that’s just for the dollars that you might need to pull back, right?

Now on the tax side, when we look in Ontario specifically, ⁓ you will see this is just federal and personal. Here we go. So when you look at the different tax rates and we look on, here it is. So here’s basically like your tax rates as they go up. And you’ll basically see that as you hit certain thresholds, so as you break

past 52,000 or 53,000, there’s this one gap, it’s a weird gap, it’s a very small gap that all of a sudden now, your ⁓ tax rate goes from 19 % to 23.65 on the amount above 52,000, right? So basically these numbers go up with every additional dollar you have. So if you get up to like you’re somewhere around 90,

after tax or sorry, 90 after your expenses and such. So that’s gonna put you at around this 29 % marginal tax bracket. But keep in mind, like you got to benefit on no tax up to $16,000. You’ll get to benefit from only 14.5 % tax on 16 to 18 and so forth, all the way up until…

You know, this bracket from 57 to 93 is getting hit a lot harder than way down here, right? So as you go above 93,000, now all of a sudden the numbers start to jump again above 109, jumping even further. So these ranges start to really justify the RRSP. And remember I said, you’re kind of like in this zone of like,

It’s not the end of the world, but it, know, you could go RSP, but you could go tax-free savings. Only reason I’m picking tax-free savings for now is if you’re going to be more aggressive, it’s easy to pull back. Yeah. That would probably be my move for you for now. But if let’s say next year, your net operating income’s like 105, right? And now it’s like, well, listen, if you put $5,000 in an RSP, you’re going to get 32 % of it back.

31 % of it back, which is that, you know, that’s if you put 10 grand in, you’re going to get, you know, $3,100 back, right? And then that 3,100, you could put in the tax free savings if you wanted to, right? So there’s kind of like some nice plays that you can make with those two buckets. You don’t have to be all in or all out on any one. always just find that as your income goes up, then

more and more of the RSP makes a whole lot of sense. Like someone who’s making 250 a year, they’re in the 50, basically 54 % tax bracket. So if they make 280, they should dumping as much money as they can into their RSP. And this is typically a T4 employee. If you’re a business owner, you don’t have to take 250. You’d leave a big chunk in the corporation. In earnings, that’s going to earn a lot or it’s going to be taxed at a lower level.

until they choose to pull it out as a salary or dividend. So that’s the deferral play. So if your business keeps growing, then as you get into higher and higher tax brackets, you start to analyze how much of this do I need for lifestyle now? I don’t need it all. And if maybe if I don’t want to put it all in the RSP, I might consider incorporating and I can push some of the tax bill off on those dollars inside the corporation as well.

And then if I have that ⁓ like earned money as a corporation now, where I’m putting off like 50 a year or 80 a year, whatever it is, ⁓ like, there’s still ways then that you can do your salary, but then invest in other things where you still have like usable cash flow.

Exactly, exactly. So as your buckets fill, so again, usually at this stage, it’s like focusing on RSPs and tax-free savings. If a corporation is justified from a tax standpoint, I don’t want to speak on liability side, but from a tax standpoint, now we can start thinking about, okay, if I need some liquidity, I might choose certain assets. Corporate-owned insurance is one of the assets that we build into corporate wealth management plans.

So if there’s money in there, it makes it leverageable, it makes it accessible, it’s gonna grow consistently. So especially if I do have plans to pull it back for growing the business, for investing in real estate, for maybe taking advantage of a market dip like we saw in the spring here, 2025, those dollars are still available to me and accessible at any time. And then there’s a long-term benefit that

the tax-free death benefit will pay out and come out through the capital dividend account. So there’s kind of like a big long-term plan with that asset specifically, but we don’t want to front run that asset. Like we don’t want to put that asset in place before we’ve kind of created a bit of a tax problem for ourselves through these other buckets or these other means, right? So the tax-free savings account, RRSP, and then once retained earnings become an issue in the corporation,

then we start to go, okay, we’ve got an opportunity here to really start diversifying and also taking care of a long-term tax play as well.

Okay, yeah, that was your most recent, I think, one I was listening to.

Yeah, yeah. So we’ve been talking a lot and ideally on the podcast, we talk quite a bit to incorporated business owners. I think this could be a really good episode,

good opportunity for ⁓ some of our other listeners who are in the same spot, right? Like they’re like, I either just incorporated, I’m not sure if I should have, or I am a sole proprietor and you’re just trying to figure out like, am I doing the right thing? Like, am I on the right path? And I would argue, I like your setup.

currently assuming there’s no liability issue with being a sole proprietor. But otherwise, I like your current play and I like your RESP, tax-free savings, your wife doing the RRSP and continuing to really scale up there. And if that business continues to scale, if you can find some ways to increase the top line on that for a year two or the next handful of years, you’ll start to go.

Okay, I think it’s time for me to start considering, know, incorporating and, you know, taking advantage of the retained earnings opportunities that you have there.

Yeah, yeah. Yeah, this is affirming. I’m getting a little more context in but I think this is where we are at is in this kind of early get the foundation set, you know, before we start thinking about how we can make our money work for us. It’s about like building the foundation, I suppose. then what to do with 100%. retained earnings is a later question. We’re certainly not in that transition right now.

And I think too, it’s really important to know like you can go on social media, you’re going to find people that are all gung-ho on buy a home, you’re going to have people that are like buying a home is worst investment ever, you’re going to like, you’re going to get every opinion out there. And the reality is, is that a lot of times it doesn’t matter. It’s about what you want for your life, right? Because at the end of the day, it’s like, I could change a lot in my life to make my life perfect.

to somebody else’s goals and objectives. But if that’s not mine, then that doesn’t really matter. So what was important to my wife and I were having the home that we’re living in now and really focusing around that. And that was like kind of building that foundation. And it sounds like that’s true for you as well. That doesn’t make it the right or wrong move. It just means that this is the move we’ve decided for us. And now you’re on that next stage where you’re going, okay, planning ahead.

And we talk about four stages and the first stage is that vision. So you had a vision for what you want now, which is, I wanna make sure we’re in the home we want with our kids, starting this life off together. Now the hard part is sort of trying to figure out a little further down the road to go, okay, when we talk about investment optimizing and so forth, think, again, you’re on the right path there. ⁓ Volume’s gonna be key. So finding a way, whether it’s,

your spouse taking extra opportunities or you being able to somehow try maybe some marketing to increase the income in your business, whatever that is, volume is going to be massive. And then from there, if you can get the volume going, that’s probably also going to mean knocking on the door of maybe incorporating in the future so that you can go, okay, now the wheels are turning.

We’ve got the foundation going, we’ve got some investments going, and now we can start looking at this other investment tool known as the corporation in order to defer some more taxes and start to layer in some other strategies as well.

think it’ll be a huge win for a lot of people. So, you know, thank you for that, for reaching out. A lot of people, think, sit back and they, you know, they’re kind of like, you know, they don’t want to get out of the bubble, right? And they don’t, you know, it’s like, it’s scary to reach out and have a conversation, but ⁓ no, you’re absolutely right. people that go to school for business oftentimes don’t have a thing to…

offer, right? Which is like what you’re offering a service, right? Or a product or whatever it is that they’re doing. Like the people who have the service or the product are like, I don’t know how to run a business because like I learned how to do this thing, you know? So, ⁓ so you’re a hundred percent accurate there. So, ⁓ yeah, like I think, I think you’re doing, ⁓ doing a great job so far. ⁓ keep pushing on the volume. One thing we didn’t talk about that I’ll bring up now for you to think on is if you don’t have any, ⁓

disability insurance for you specifically, that might be something worth exploring. ⁓ We’d be more than happy to help you with that if that’s something you haven’t done or if you do have it, ⁓ that would be important just because if you are unable to work, you don’t want your income to be interrupted.

Yeah, yeah, no, I’m that’s honored, honored to do as well. So we definitely want to have some disabilities, just timing and getting all the ducks in the row for this house. We wasn’t in the cards. So

Yeah, well, let us know if we can run you anything. I’m usually even as there are just so you know, there’s certain companies that will do what they call five year disability. So a lot of times disability you’re paying for until you’re 65, meaning, you you pay a small amount per month. And then if you get become disabled for 90 days or longer, you will get covered until you’re 65. Fantastic, but more expensive than it might.

you know, make sense for some, there is the opportunity to do for 60 months. So if you think about that, that’s the other side of things you go, well, if I was like, if I did become disabled, is it going to be like something like shorter term or like longer term? Yeah. Sometimes starting there can be an option as well. A lot of people just don’t know about it. So I’ll put it on your radar when you’re ready to circle back to that.

feel free to reach out to us. We can run you some different options and things like that just to make sure you’re protected. And then from there too, it’ll probably be about time to get a check-in from you to see how things are going with the TFSA.

Okay, yeah. Yeah, thanks a lot.

Cool, cool.

What would you say is your big takeaway from today before we head on towards the rest of a snowy Tuesday here?

⁓ I think my takeaway is like, I like a gentle way, getting the affirmation that like, you know, like just get it in there. ⁓ There’s not going to be a probably a good time to to start or to, you know, begin doing this or you know, once you get out of this, like just start getting something in there. ⁓ And again, we’ve got a good start, but I think we can always look at how to

keep scaling that so that retirement is that much sooner. We don’t want to be working until we’re 80. So yeah, just starting to look at where we can get money into those savings.

Fantastic, fantastic. Well, I’m glad that you felt that way and that you’ve got some takeaways here. Yeah, you’re doing well and I think you’re doing the right thing to get ahead of the game, right? So many people wait, wait, wait. So that’s huge.

Awesome. have a great day. right. Take care. Enjoy. Happy holidays.

Thank you.

Happy holidays.